Mitcon Solar Alliance Limited

Renewable energy generation, distribution, and trading company with a focus on solar, wind, hydro, and biomass sources.

2018 | Pune, Maharashtra (India) | Active
Last Updated: June 17, 2024

Mitcon Solar Alliance Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 4.51 Cr
  • Company Age 6 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 10.00 Cr
  • Satisfied Charges ₹ 15.00 Cr
  • Revenue Growth 10.45%
  • Profit Growth -1835.89%
  • Ebitda -0.39%
  • Net Worth 19.32%
  • Total Assets 12.53%

About Mitcon Solar Alliance

Mitcon Solar Alliance Limited (MSAL) is a Public Limited Indian Non-Government Company incorporated in India on 15 May 2018 (Six years and nine months 10 days old ). Its registered office is in Pune, Maharashtra, India.

The Company is engaged in the Environment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 4.51 Cr.

The company currently has active open charges totaling ₹10.00 Cr. The company has closed loans amounting to ₹15.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Anirudha Sathe, Harshad Joshi, and Sandeep Jadhav serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    mitconindia.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999PN2018PLC176615

  • Company No.

    176615

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    15 May 2018

  • Date of AGM

    12 Jul 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Environment

Who are the key members and board of directors at Mitcon Solar Alliance?

Board Members (3)

NameDesignationAppointment DateStatus
Harshad Joshi Country flag representing In Director 27-Oct-2020Current
Anirudha Sathe Country flag representing In Director 15-May-2018Current
Sandeep Jadhav Country flag representing In Director 15-May-2018Current

Financial Performance of Mitcon Solar Alliance.

Mitcon Solar Alliance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 10.45% increase. The company also saw a substantial fall in profitability, with a 1835.89% decrease in profit. The company's net worth Soared by an impressive increase of 19.32%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
10.45%
Revenue from Operations
8.87%
Total Assets
12.53%
Profit or Loss
-1835.89%
Net Worth
19.32%
EBITDA
-0.39%

What is the Ownership and Shareholding Structure of Mitcon Solar Alliance?

In 2023, Mitcon Solar Alliance had a promoter holding of 46.56% and a public holding of 53.44%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹10.00 Cr

Satisfied Charges

₹15.00 Cr

Charges Breakdown by Lending Institutions

  • Others : 10.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 Jul 2022Others₹10.00 CrOpen
07 Sep 2019Others₹15.00 CrSatisfied

How Many Employees Work at Mitcon Solar Alliance?

Unlock and access historical data on people associated with Mitcon Solar Alliance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mitcon Solar Alliance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mitcon Solar Alliance's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Mitcon Solar Alliance

Recent activity within the organization

  • Annual General Meeting

    Mitcon Solar Alliance Limited last Annual general meeting of members was held on 12 Jul 2023 as per latest MCA records.

    12 Jul 2023

  • Balance Sheet

    Mitcon Solar Alliance Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune.

    31 Mar 2023

  • Charges

    A charge with Others of Rs. 10.00 Cr registered on 28 Jul 2022 with Charge ID 100608960 was modified on 13 Sep 2022.

    13 Sep 2022

  • Charges

    A charge registered on 07 Sep 2019 via Charge ID 100290570 with Others was fully satisfied on 30 Aug 2022.

    30 Aug 2022

  • Charges

    A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100608960 was registered on 28 Jul 2022.

    28 Jul 2022

  • Director Appointment

    Harshad Vijay Joshi was appointed as a Director was appointed as a Director on 27 Oct 2020 & has been associated with this company since 4 years 3 months .

    27 Oct 2020

Frequently asked questions

  • Mitcon Solar Alliance Limited was incorporated on 15 May 2018.

  • The authorized share capital of Mitcon Solar Alliance Limited is ₹ 10.00 Cr and paid-up capital is ₹ 4.51 Cr.

  • Currently 3 directors are associated with Mitcon Solar Alliance Limited.

    • Anirudha Gangadhar Sathe
    • Harshad Vijay Joshi
    • Sandeep Sukhadeo Jadhav
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mitcon Solar Alliance Limited is First Floor Kubera Chambers Shivaji Nagar, Pune, Maharashtra, India, 411005.

  • The corporate identification number (CIN) of Mitcon Solar Alliance Limited is U74999PN2018PLC176615 and the company number is 176615 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Mitcon Solar Alliance Limited is https://www.mitconindia.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Mitcon Solar Alliance Limited has risen by 10.45%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Mitcon Solar Alliance Limited has experienced an upsurge of 19.32%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Mitcon Solar Alliance Limited amount to ₹ 10.00 Cr.

  • The most recent Balance Sheet for Mitcon Solar Alliance Limited was filed with the ROC on 31 Mar 2023.

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